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Open-and-Shut Case for Closed-End Bond Funds - Barron's Online
SOMETIMES, IT'S SAID the best place to find oil is on the New York Stock Exchange. Rather than explore and drill wells, oil companies can find proven reserves represented by the shares of their rivals traded on the Big Board. Some savvy bond ...

Local housing sales take dip - Newton Kansan
This story first appeared in the Nov. 22 edition of the Kansan. It’s hard to flip open a newspaper or visit an on-line news Web site without hearing something related to the housing market and mortgage issues — and most of the news doesn’t seem ...

Take a Chance on Loomis Sayles Bond - Washington Post
Resize Except for securities issued by the U.S. Treasury, the global financial crisis has hammered just about every kind of investment, stocks and bonds alike. One of the best bond funds, Loomis Sayles Bond (symbol LSBRX ), lost 27% year-to-date ...

Market Pros: Stick With U.S. Equities - CNBC
Treasury Secretary Henry Paulson on Wednesday said he'd direct the $700 billion bailout fund toward uses like consumer debt — and away from dicey mortgage assets. Solid news for some; more uncertainty for others. CNBC's expert guests offered their ...

Volatile markets nurture new mutual fund stars - Reuters
BOSTON (Reuters) - The stars in the mutual fund firmament are realigning. As investors sift through the wreckage of their portfolios in an industry beset by steep losses, new luminaries among fund managers are emerging. And the definition of success ...

Verizon, Kroger Lead $5.15 Billion of Bond Offerings (Update1) - Bloomberg
Nov. 18 (Bloomberg) -- Verizon Wireless , the second-biggest U.S. mobile phone service, and supermarket chain Kroger Co. led the busiest day of bond offerings in two weeks as investors took advantage of higher yields on corporate debt. Six companies ...

ANALYSIS-Volatile markets nurture new mutual fund stars - Forbes
BOSTON (Reuters) - The stars in the mutual fund firmament are realigning. As investors sift through the wreckage of their portfolios in an industry beset by steep losses, new luminaries among fund managers are emerging. And the definition of success ...

Financial Crisis Is Showing No Signs of Ending Soon - CNBC
Strategists, meanwhile, said that the turmoil so far threatens to go beyond the financial services sector, hurting corporate profits and spreading panic among increasingly overstretched consumers. Already, banks are increasingly reluctant to lend to ...

Fed Defies Transparency Aim in Refusal to Disclose (Update2) - Bloomberg
Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and ...

Brian J. O'Connor: Commentary - Detroit News
You've heard of panic-selling? The stock market turned to panic-buying Monday, as Wall Street reversed eight straight days of sell-offs with the biggest single-day gain in the history of the Dow Jones index. When the dust settled, the Dow gained more ...

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Today's Mortgage Terms starting with A

  • Accrued Interest: Interest earned but has not been paid
  • Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
  • Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
  • Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
  • Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
  • Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
  • Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
  • Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
  • Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
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